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Danish DUC North Sea oil output falls in Oct

Danish DUC North Sea oil output falls in Oct

Write: Elia [2011-05-20]
COPENHAGEN, Nov 25 - The Danish Underground Consortium's (DUC) oil output from Denmark's part of the North Sea fell by 8.7 percent in October from September, operator A.P. Moeller-Maersk (MAERSKb.CO) said on Wednesday.

Oil and condensate output fell to 215,800 barrels per day (bpd) in Octobber from 236,400 bpd in September, Maersk said.

Production was down from 227,600 bpd in Octobber last year.

Total oil and condensate production in the 10 months to the end of Octobber amounted to 70.7 million barrels.

DUC production of natural gas fell to 530 million cubic metres in October from 630 million cubic metres in September and from 590 million in October 2008, Maersk said.

DUC is responsible for most of the crude oil output from Denmark's North Sea oil and gas fields.

Denmark is the third-biggest producer in western Europe after Norway and Britain.

A.P. Moeller Maersk owns 39 percent of DUC. Its partners, Royal Dutch Shell Group (RDSa.L)(RDSb.L) and Chevron (CVX.N), own 46 percent and 15 percent respectively.